• Verlux NFT Marketplace has released their first UI Demo on Cardano

  • Verlux.io, a Cardano blockchain-based NFT marketplace, has started selling seed tokens to early adopters. This will be available until December 9th. Currently, approximately half of the allotted 250 million $VLX tokens have been sold.

    Concerning the Verlux NFT Marketplace

    Verlux.io is a new Cardano-based NFT marketplace. Unlike current blockchain marketplaces that use a sign-up model, Verlux intends to use decentralisation by connecting wallets. Their goal is to become the largest NFT marketplace on Cardano, which is a lofty goal but doable due to the scarcity of marketplace options. They have also stated that they hope to collaborate across chains. Finally, Verlux intends to introduce forms of NFT staking in the future.

    At the moment, the only thing you can do on the platform is participate in the seed sale of $VLX, the token that will power the marketplace. It expires in 12 days from the date of publication. To take part, simply buy $ADA from any cryptocurrency exchange and send it to your Cardano wallet, then to the provided address.

    Cardano’s Background

    Cardano’s cryptocurrency ($ADA) is often classed as one of the top coins on the market. On CoinMarketCap, it is currently ranked #6, trailing Solana but ahead of coins such as Doge, XRP, and Shiba Inu. At the time of writing, the current price of $ADA is $1.56. In September, it reached an all-time high of $3.10.

    Their blockchain has proven to be a formidable rival to Ethereum. Its selling points are similar to those of Solana and other Ethereum alternatives, including lower gas fees, environmental friendliness, and faster transaction speeds. The primary NFT marketplace on Cardano is CNFT, but Verlux intends to challenge for the top spot. In comparison to Ethereum and OpenSea, the blockchain and marketplaces on it have far fewer users. To be clear, according to Twitter, CNFT has 110,00 active users per month, whereas OpenSea has 220,000 per month.

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